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Turkey to compensate for lack of Russian gas via Azerbaijani blue fuel

5 October 2015 10:00 (UTC+04:00)
Turkey to compensate for lack of Russian gas via Azerbaijani blue fuel

By Aynur Karimova

If Russia limits natural gas supplies to Turkey, Ankara is going to compensate for this by the gas delivered through the Trans-Anatolian pipeline.

This was announced by Turkish Energy and Natural Resources Minister Ali Riza Alaboyun on October 5.

“I don’t think that Russia will limit the supply of natural gas in the winter months,” he said.

The minister went on to add that in 2019, Russia will limit supplies of natural gas through Ukrainian territory.

“Every year we get 14 billion cubic meters of gas through this territory,” the minister said. “Therefore, in 2019 we may face a shortage of gas. Turkey also plans to compensate for the lack of natural gas through TANAP in 2019.”

TANAP envisages the transportation of gas of Azerbaijan’s Shah Deniz field from the Georgian-Turkish border to the western borders of Turkey. TANAP’s initial capacity is expected to reach 16 billion cubic meters of gas per year. Around six billion cubic meters of this gas will be delivered to Turkey and the rest of the volume to Europe.

Turkey will receive gas in 2018, and after the Trans-Adriatic Pipeline is constructed the gas will be delivered to Europe in early 2020.

BP and the TANAP consortium signed March 13 a shareholder agreement, according to which, BP will become one of the shareholders of TANAP. The agreement is one of the main documents for BP’s ownership of a stake in the TANAP project.

Following the completion of a legal implementation procedure, TANAP’s shareholders list will be as follows: SOCAR – 58 percent, Botas – 30 percent and BP – 12 percent.

The heads of Azerbaijan, Turkey and Georgia have laid the foundation of the TANAP pipeline in the Turkish Kars province on March 17, 2015.

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Aynur Karimova is AzerNews’ staff journalist, follow her on Twitter: @Aynur_Karimova

Follow us on Twitter @AzerNewsAz

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